貝萊德首席執行官拉里·芬克（Larry Fink）警告說，美國風險失去其作為世界儲備貨幣的地位

貝萊德首席執行官拉里·芬克（Larry Fink）發出了明顯的警告，即如果美國不控制其36萬億美元的債務和赤字繼續上升，它可能會失去其身份，因為它是世界儲備貨幣的地位

BlackRock CEO Larry Fink has issued a stark warning that the US risks losing its status as the world’s reserve currency to digital assets such as Bitcoin if it doesn’t get its $36 trillion debt under control and keeps seeing deficits rise.

BlackRock首席執行官拉里·芬克（Larry Fink）發出了明顯的警告，即如果沒有得到36萬億美元的債務，美國可能會失去其作為世界儲備貨幣的地位，例如比特幣等數字資產。

For decades now, the US has benefitted from its dollar serving as the world’s reserve currency, but Fink says there’s no guarantee that it will last forever.

幾十年來，美國從事全球儲備貨幣的美元受益，但芬克表示，不能保證它將永遠持續下去。

In his annual letter to investors, Fink writes, “If the U.S. doesn’t get its debt under control, if the deficits keep ballooning, America risks losing that position [world’s reserve currency] to digital assets like bitcoin.”

芬克在給投資者的年度信中寫道：“如果美國沒有控制債務，如果赤字保持膨脹，美國冒著將該職位（世界儲備貨幣）失去像比特幣這樣的數字資產的立場的風險。”

If the U.S. doesn't get its debt under control, if the deficits keep ballooning, America risks losing that position to digital assets like bitcoin.

如果美國無法控制債務，如果赤字保持膨脹，美國有可能將該立場失去該職位，將其輸給像比特幣這樣的數字資產。

If the situation isn't rectified by 2030, mandatory government spending and debt service will exceed all federal revenue, creating a permanent deficit, Fink said.

芬克說，如果到2030年沒有糾正這種情況，則強制性政府支出和債務服務將超過所有聯邦收入，造成永久性赤字。

On the topic of crypto, the BlackRock CEO stated, “I’m obviously not anti-digital assets, but two things can be true at the same time: Decentralized finance is an extraordinary innovation. It makes markets faster, cheaper, and more transparent. Yet that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”

關於加密貨幣的話題，黑石首席執行官說：“我顯然不是反數字資產，但兩件事可以同時正確：分散的財務是一項非凡的創新。它使市場更快，更便宜且更透明。但是，如果同樣的創新會破壞投資者的經濟優勢，那麼如果投資者開始看到比特庫恩（Bat a Sa Sa Sa）。

This statement from the CEO of the world’s largest asset manager, with over $11 trillion in assets under management, should make even the biggest Bitcoin bears take note. The fact that someone of Fink’s status believes Bitcoin threatens the dollar if the US can’t get a grip on its debt is a serious endorsement.

世界上最大的資產經理首席執行官的這一聲明，管理資產超過11萬億美元，甚至應該使最大的比特幣熊注意。芬克（Fink）地位的人認為，如果美國不能掌握債務，比特幣威脅到美元，這是一個認真的認可。

BlackRock CEO Reflects On The Launch Of Its Bitcoin ETF

BlackRock首席執行官反思其比特幣ETF的推出

(COINGLASS)

（小店）

Later, in his letter to investors, Fink celebrated that its US spot Bitcoin exchange-traded fund, IBIT, was the largest ETF launch in history. In less than a year, it has grown to over $50 billion of assets under management.

後來，芬克在給投資者的信中慶祝了其現貨比特幣交易所基金IBIT是歷史上最大的ETF發射。在不到一年的時間裡，管理層已增至超過500億美元的資產。

Per Coinglass, net inflows for IBIT in 2024 hit $37.4 billion, with over $40 billion in total since it launched. BlackRock is dominating the Bitcoin ETF space and holds over three times the inflows of its closest rival. Fidelity’s FBTC fund is the second largest Bitcoin ETF, with $11.5 billion worth of net inflows.

在二線公司的情況下，IBIT在2024年的淨流入量達到374億美元，自推出以來總計超過400億美元。貝萊德（BlackRock）主導了比特幣ETF空間，並擁有最接近競爭對手的流入的三倍。 Fidelity的FBTC基金是第二大比特幣ETF，淨流入價值115億美元。

Fink also noted that IBIT was the third-highest asset gatherer in the ETF industry, behind only S&P 500 index funds. More than half of its demand has come from retail investors, while 75% has come from those who had never owned an iShares product before. BlackRock has since expanded its Bitcoin offering to exchange-traded products in Canada and Europe.

Fink還指出，IBIT是ETF行業中第三高的資產收集者，僅次於標準普爾500指數基金。它的需求中有一半以上來自散戶投資者，而75％的需求來自從未擁有Ishares產品的人。此後，貝萊德（Blackrock）將其比特幣發行擴大到了加拿大和歐洲的交易所交易產品。

Earlier this year, Fink suggested that if everyone “adopted” the conversation of allocating, for example, 2% to 5% of their assets to Bitcoin, the cryptocurrency’s price may someday reach as high as $700,000.

今年早些時候，芬克建議，如果每個人都“採用”分配的對話，例如，其資產的2％至5％為比特幣，則有一天，加密貨幣的價格可能會達到700,000美元。

Fink Bullish On Real-World Assets (RWA): 'If TradFi Markets Are Tokenized, It Will Revolutionize Investing'

Fink看漲現實世界資產（RWA）：“如果tradfi市場被標記化，它將徹底改變投資”

Beyond just Bitcoin, Fink spoke highly of the emerging RWA space. He said that tokenization could allow financial markets to move away from their old-school roots, which only hamper them.

除了比特幣外，Fink還高度評價了新興的RWA空間。他說，令牌化可以使金融市場能夠擺脫其老式根源，這只會阻礙他們。

Fink speaks on how the traditional finance markets were developed when trading floors still shouted orders and fax machines were the cutting-edge technology. Via Blockchain technology, the BlackRock CEO would like to see the turning of real-world assets such as stocks, bonds, and real estate into digital tokens tradable online, 24/7.

Fink談到了在交易樓層仍然大喊訂單和傳真機是最前沿技術時如何發展的傳統財務市場。通過區塊鏈技術，BlackRock首席執行官希望看到現實世界中的資產（例如股票，債券和房地產）轉向數字代幣，可在線交易，24/7。

He suggested that tokenization is akin to moving from postal services to email for investing. It enables assets to move directly and instantly, sidestepping intermediaries. “Every stock, every bond, every fund, every asset, can be tokenized,” Fink said.

他建議，令牌化類似於從郵政服務轉變為投資的電子郵件。它使資產能夠直接，立即移動，避開中介機構。芬克說：“每種股票，每筆債券，每個基金，每個資產都可以被象徵化。”

The letter from Fink finished with, “If they are, it will revolutionize investing. Markets wouldn’t need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth.”

Fink的來信結束了：“如果是，它將徹底改變投資。市場將不需要關閉。目前需要幾天的交易將在幾秒鐘內清除。目前被和解延誤固定的數十億美元可以立即重新投資到經濟中，從而產生更多的增長。”